International Financial Studies: Japan Name: Institutional Affiliation: Country and Economy Overview With it capital city in Tokyo Japan has an interesting terrain. The land has 6852 islands although only 430 are inhabited. Owing to the difficult terrain the country’s major cities are built on a few islands. As such the country’s major cities are densely populated. Imperial palaces shrines mountainous national parks and temples are some of the common sceneries that decorate the country (Boons Montalvo Quist & Wagner 2013). The Japanese economy has barely grown over the past few years. Japan plunged into a recession in 2014 and had since experienced several episodes of contractions and expansion (OECD 2016). Prime Minister Shinzo Abe has been making efforts to revive the economy since his entry into power. However reviving the economy has not been an easy task. Research shows that one of the reasons as to why Japan’s economy market the Yen trade exchange rates to the US dollar is significant to most traders. The US dollar is the most used currency globally. As such many traders tend to convert the Japanese currency to the US dollar to be able to trade in the international market (Taguchi 2009). References Boons F. Montalvo C. Quist J. & Wagner M. (2013). Sustainable innovation business models and economic performance: an overview. Journal of Cleaner Production 45 1-8. Eichengreen B. (2011). Exorbitant Privilege: The rise and fall of the Dollar and the Future of the International Monetary System. Oxford University Press. Nitta K. (2008).Corporate Ownership Structure in Japan—Recent Trends and Their Impact. Retrieved on 19th March 2017 from: citeseerx.ist.psu.edu OECD. (2016). Developmets in individual OECD and selected Non-member economies. Retrieved on 19th March 2017 from: www.oecd.org Taguchi H. (2009). the Japanese Yen. Macroeconomic Linkage: Savings Exchange Rates and Capital Flows 3 335. [...]
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